Nasdaq (NDAQ) to Release Earnings on Wednesday

Nasdaq (NASDAQ:NDAQ) will be releasing its earnings data before the market opens on Wednesday, July 24th. Analysts expect Nasdaq to post earnings of $1.20 per share for the quarter. Persons that are interested in participating in the company’s earnings conference call can do so using this link.

Nasdaq (NASDAQ:NDAQ) last posted its quarterly earnings results on Wednesday, April 24th. The financial services provider reported $1.22 EPS for the quarter, beating the Zacks’ consensus estimate of $1.17 by $0.05. Nasdaq had a net margin of 12.67% and a return on equity of 14.60%. The company had revenue of $638.00 million during the quarter, compared to analyst estimates of $632.71 million. During the same period in the prior year, the business posted $1.22 EPS. The firm’s revenue was down 13.2% compared to the same quarter last year. On average, analysts expect Nasdaq to post $5 EPS for the current fiscal year and $5 EPS for the next fiscal year.

NASDAQ:NDAQ opened at $101.78 on Tuesday. The firm’s fifty day moving average price is $98.63. Nasdaq has a 52 week low of $75.49 and a 52 week high of $104.69. The company has a quick ratio of 0.84, a current ratio of 0.84 and a debt-to-equity ratio of 0.49. The company has a market cap of $16.86 billion, a price-to-earnings ratio of 21.03, a P/E/G ratio of 2.76 and a beta of 0.64.

The company also recently declared a quarterly dividend, which was paid on Friday, June 28th. Investors of record on Friday, June 14th were issued a dividend of $0.47 per share. This is a positive change from Nasdaq’s previous quarterly dividend of $0.44. This represents a $1.88 dividend on an annualized basis and a yield of 1.85%. The ex-dividend date of this dividend was Thursday, June 13th. Nasdaq’s dividend payout ratio is currently 38.84%.

A number of research firms recently commented on NDAQ. UBS Group upped their price target on shares of Willis Towers Watson from $202.00 to $220.00 and gave the company a “buy” rating in a report on Wednesday, July 10th. Wells Fargo & Co upped their price target on shares of Apollo Global Management from $38.00 to $42.00 and gave the company an “outperform” rating in a report on Wednesday, July 10th. Raymond James upped their price target on shares of S&P Global from $226.00 to $246.00 and gave the company an “outperform” rating in a report on Wednesday, July 10th. Citigroup lowered shares of Intercontinental Exchange from a “buy” rating to a “neutral” rating and upped their price target for the company from $92.00 to $99.00 in a report on Monday. Finally, ValuEngine lowered shares of Zumiez from a “hold” rating to a “sell” rating in a report on Tuesday, July 2nd. Two equities research analysts have rated the stock with a sell rating, two have assigned a hold rating, seven have given a buy rating and one has assigned a strong buy rating to the company. The stock currently has an average rating of “Buy” and an average target price of $100.70.

In other Nasdaq news, Director Lars Wedenborn sold 1,946 shares of the business’s stock in a transaction on Thursday, May 16th. The shares were sold at an average price of $90.36, for a total transaction of $175,840.56. The sale was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Also, Director Charlene T. Begley sold 6,160 shares of the business’s stock in a transaction on Monday, June 10th. The shares were sold at an average price of $96.54, for a total transaction of $594,686.40. The disclosure for this sale can be found here. Over the last three months, insiders have sold 31,715 shares of company stock worth $2,923,953. Insiders own 0.50% of the company’s stock.

Nasdaq Company Profile

Nasdaq, Inc provides trading, clearing, marketplace technology, regulatory, securities listing, information, and public and private company services worldwide. The company's Market Services segment offers equity derivative trading and clearing; cash equity trading; fixed income and commodities trading and clearing; and trade management services.

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Earnings History for Nasdaq (NASDAQ:NDAQ)

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